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2018-10-18 14:13:13

VLKAY

Volkswagen

$0.00

(0.00%)

, POAHY

Porsche

$0.00

(0.00%)

14:13

10/18/18

10/18

14:13

10/18/18

14:13

Porsche exec expects to repeat record car sales in 2018, Reuters says

Oliver Blume, CEO of Volkswagen's (VLKAY) Porsche (POAHY) business, said the brand is confident in its ability to repeat last year's record sales in 2018, Reuters reports. "In light of these good numbers we expect that we can reach last year's record again," Oliver Blume told Reuters in emailed comments. Reference Link

E-tron may not be 'Tesla killer,' but still a 'real risk,' says Vertical Group

After attending Audi's (AUDVF) launch event for its e-tron SUV, Vertical Group analyst Gordon Johnson said he sees Audi's foray in the EV space as "a real risk" to Tesla (TSLA) and other EV auto makers including Chevy (GM) and Ford (F). The Electrify America charging network, owned by a JV of Audi parent Volkswagen (VLKAY) and funded by "Dieselgate," positions Audi's fast-charging ambitions among the most robust, if not the most robust, in the U.S. currently, added Johnson. He does not see Audi's forthcoming e-tron as a "TSLA Killer," but does not "see it a stretch to think of it as a potential TSLA Model X killer," he concludes in his note to investors. Johnson keeps a Sell rating on Tesla shares.

Noting that Navistar (NAV) shares are rising amid broader market weakness today following a Reuters report that Volkswagen (VLKAY) has appointed a new CFO noted to be an M&A expert, Jefferies analyst Stephen Volkmann said he continues to believe Volkswagen will pursue full ownership of Navistar, although he calls the timing of such an event "highly uncertain." He maintains a Buy rating and "Street high" price target of $53 on Navistar shares.

05/31/18

JEFF

05/31/18NO CHANGEJEFFBuy

Jefferies lists buys on 'wildly overdone' electric truck concerns

The ramp of electric trucks amp may be slower than in passenger cars, and incumbent truck makers are likely to remain key players, Jefferies analyst Stephen Volkmann tells investors in a research note. To a much greater extent than in passenger vehicles, commercial vehicle sales rely on uptime and return on investment, and are driven by brand relationship and dealer support, Volkmann adds. He views the "terminal multiple" concerns for established truck players as "wildly overdone" and recommends buying shares of Paccar (PCAR), Navistar (NAV), Volkswagen (VLKAY) and Volvo (VOLVY).

04/25/18

JEFF

04/25/18NO CHANGETarget $53JEFFBuy

VW acquisition scenario supports $53 Navistar target, says Jefferies

Recent news flow regarding a separation of Volkswagen's (VLKAY) Truck and Bus business and the potential for full ownership of Navistar (NAV) has driven Navistar shares up 13% relative to the S&P 500 over the past month, Jefferies analyst Stephen Volkmann tells investors in a research note. After examining potential synergies and valuation scenarios for a tie-up, the analyst has increased confidence in his high-on-the-Street $53 price target for Navistar shares.